Required information Problem 9-5A (Algo) Record bond issue and related interest (LO9-5) The following information applies to the questions displayed below] On January 1, 2024, Twister Enterprises, a manufacturer of a variety of transportable spin rides, issues 5550,000 of 7% bonds, due in 15 years, with interest payable semiannually on June 30 and December 31 each yeat Problem 9.5A (Algo) Part 1 Required: 1. If the market interest rate is 7%, the bonds will issue at $550,000. Record the bond issue on January 1,2024, and the flist swo semiannual interest payments on June 30,2024, and December 31, 2024. (f no entry is required for a particular transoctlon/avent, select "No Journal Entry Required" in the first occount field.) Journal entry worksheet Recoed the first semiannual interest payment. Nentr= Einer debits before credits. Required information Problem 9-5A (Algo) Record bond issue and related interest (LO9-5) [The following information applies to the questions displayed below] On January 1, 2024, Twister Enterprises, a manufacturer of a variety of transportable spin rides, issues $550,000 of 7% bonds, due in 15 years, with interest payable semiannually on June 30 and December 31 each year. roblem 9-5A (Algo) Part 1 equired: If the market interest rate is 7%, the bonds will issue at $550,000. Record the bond issue on January 1,2024 , and the first two emiannual interest payments on June 30,2024, and December 31, 2024. (If no entry is required for o porticular tronsoction/event, elect "No Journal Entry Required" in the first occount field.) Journal entry worksheet Record the second semiannual interest payment. Note: Enter debits before credits. - Mequired intermenise Problem 95A (Alge) Fiecord bond iswe and relsted interest (LO9-5) Problem 9.5A (Algo) Part 1 Beceulined: Journal entry worksheet 3 Frend ine toed waue